The Green Climate Fund (GCF) has approved the financing of 17 new projects amounting to one billion US dollars. This brings the GCF’s support for climate action projects to a total of $14.9 billion for 270 projects, as announced by the GCF. In the case of two projects in Malawi and Bhutan, the first grants are to be disbursed in less than 15 days after approval. This is the fund’s response to criticism that disbursements often take a long time.